March Labour Market Statistics: comment from the Institute for Employment Studies
Commenting on today’s figures, Naomi Clayton, Chief Executive at the Institute for Employment Studies said:
“Unemployment remains at a five-year high as more people are looking for work. Payrolled employment continues to fall in retail and hospitality, alongside other parts of the private sector, while real pay growth is slowing. Youth unemployment is at its highest rate in 10 years and continues to rise among 18-24-year-olds.
“The new hiring incentives announced by government this week to encourage employers to recruit young people can have a positive impact if well-designed. However, given the scale and urgency of the challenge, more must be done to address wider challenges and boost jobs, while ensuring young people across the country have access to the support they need.”